Examples of Rollover RSUs in a sentence
Parent shall register the shares of Parent Common Stock issuable pursuant to Parent Options and Rollover RSUs as promptly as practicable, and no later than ten (10) Business Days, after the Closing Date.
Parent shall maintain the effectiveness of such registration statement for so long as any such Parent Options or Rollover RSUs remain outstanding and shall reserve a sufficient number of shares of Parent Common Stock for issuance upon exercise or settlement thereof.
Each separate grant of NewCo RSUs set forth on Table II of Appendix A shall vest and be settled in accordance with the schedule, terms and conditions set forth in the Original RSU Agreement attributable to the Rollover RSUs exchanged for such NewCo RSUs, for the avoidance of doubt, without regard to any provision that would have provided for accelerated vesting upon the Merger.
Each separate grant of Parent RSUs set forth on Table II of Appendix A shall vest and be settled in accordance with the schedule, terms and conditions set forth in the Original RSU Agreement attributable to the Rollover RSUs exchanged for such Parent RSUs, for the avoidance of doubt, without regard to any provision that would have provided for accelerated vesting upon the Merger.
If Executive is terminated by the Corporation without “Cause” or if Executive resigns his employment with the Corporation for a “Good Reason”, as such terms are defined in the Rollover Restricted Stock Unit Agreement, all of the Rollover RSUs will become immediately vested in full.
In connection with the Merger, subject to the modifications and upon the terms and conditions set forth herein, the Rollover RSUs shall be exchanged at the Closing (as defined in the Merger Agreement) for restricted stock units (“NewCo RSUs”) with respect to “Investor Interests” (as defined below) in NewCo.
Each of the Plan and the restricted stock unit agreement(s) pursuant to which the Rollover RSUs were granted (the “Original RSU Agreement(s)”), as modified by this Rollover Agreement, will be assumed by NewCo by action of its board of directors (the “Board”) at the Closing.
The Rollover RSUs will generally be subject to the standard terms and conditions applicable to restricted stock units awarded under the Amended and Restated 2002 Long Term Incentive Plan of the Corporation, and will be evidenced by and subject to a “Rollover Restricted Stock Unit Agreement” to be entered into between Executive and the Corporation, a copy of which is attached hereto.
All outstanding Naspers Rollover RSUs have been granted under the Naspers Restricted Stock Plan Trust.
As of the Effective Time, all Company Restricted Stock Units (other than Rollover RSUs) shall no longer be outstanding and shall automatically terminate and cease to exist, and each holder of a Company Restricted Stock Unit (other than a Rollover RSU) shall cease to have any rights with respect thereto, except the right to receive the Restricted Stock Unit Payment.